ABN Newswire

Haber Inc, In Agreement To Launch Its New Revolutionary "Green Gold" Mercury Free Processing Technology

newsroom@abnnewswire.net — Mon, 22 Apr 2013 11:29:13 GMT

Haber, Inc. ("Haber"), a Delaware corporation headquartered in Arlington, Mass., with proprietary technologies in the separations sciences and environmentally friendly processing of gold bearing ores, announced that it has entered into a memorandum of understanding (MOU) with Logi Gold LLC, ("Logi") a private Delaware company located in Phoenix, AZ.

Albert B. Conti, CEO of Haber stated, "We are pleased that after over eight years of tireless effort by our engineering and chemical staffs and extensive testing of numerous ore types in our three Aladdin prototype machines, we are preparing to begin US commercial operations. The facility will demonstrate the outstanding performance of our technology to the gold mining community and prospective clients; it is capable of yielding extraction efficiencies with complex ores, in the high 90% range, gold purity in the +99% range, delivers extraction times in approximately 1 to 3 hours and gold recovery in minutes all without harming the environment. The operating teams that run the facility will provide operating data and a base model that can be duplicated in support of our anticipated global operations.

The importance of this green facility goes beyond this project as it can have a major positive impact on the lives of more than 30 million small scale miners using mercury for the extraction of gold; it will prove that there is a safer and more profitable way for them to operate. Hopefully, we can play a role in ameliorating the global threat of the irresponsible use of mercury and cyanide by small and medium scale gold mining.

We are impressed with Logi's team of seasoned engineering and financial professionals and look forward to working with them on this project. Also, Logi has a number of professional disciplines which could help in our global aspirations including security, airborne operations and facility management. I look forward to a strong and profitable association with their organization in the future."

Larry Ortega, CEO of Logi Gold said: "We are extremely pleased, and lucky, to be teaming with Haber Inc. This team of chemists, and almost alchemists, has devised a green method to remove 99% of the gold from nearly every kind of ore sample at incredible speed and profitability. This is a stunning chemical achievement that will change the gold industry globally. We will be applying all of our engineering expertise and operational experience to support the Aladdin HGP4 system".

Under the terms of the MOU, Logi will begin by providing Haber with a complete set of working drawings of the Aladdin HGP4 green gold system. Costs incurred in the design will be repaid from the net profits of the planned joint venture's gold processing facility. The engineering design phase will begin immediately and completed as soon as possible.

Logi is currently evaluating a number of potential gold ores sources. When Haber has tested and qualified an ore as economically feasible, Logi will provide sufficient funding to build and operate a US based gold processing facility. At that point, Haber's Subsidiary will enter into a service agreement with the JV to provide all green gold technology required by the Facility.

The Haber Subsidiary will receive 35% of Net Profits from the JV. In addition, Logi has been granted the right to acquire up to 1.5% of the Company's restricted common stock at a price of $0.30 a share over a period of 18 months or should Haber be relisted during that period, no later than 60 days before the date of relisting whichever occurs first.

About Haber, Inc.

Haber, Inc. is a high technology process development company with proprietary technologies in extractive metallurgy and electrochemical separations. The Haber Gold Process is both non-toxic and more efficient than conventional solvents such as mercury and cyanide. For more information, call Florence Tambone (781) 643-2727, or visit the company's web site at www.habercorp.com

About Logi Gold LLC.

Logi Gold is comprised of a number of highly skilled engineers and financial professionals that design and fund various gold projects of interest. Their engineers have worked for S&P 500 companies, the Department of Defense, NASA, the government of Canada, manufacturing firms and major investment banks. They have developed first of a kind technologies and have developed major operations and managed complex multi hundred million dollar projects. Logi Gold was formed to capitalize on unique prospecting methods developed by the company for determining the location and quality of gold deposits and then brings them into production. More information is available at their website www.logigold.com or at

Safe Harbor Statement
Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. Forward-looking statements include statements concerning plans, opportunities, objectives, goals, strategies, future events or performance and underlying assumptions. These statements are subject to uncertainties and risks including, but not limited to, economic conditions, the impact of competition and pricing, government regulation, and other risks. All forward-looking statements made by or on behalf of Haber Inc. are qualified. Haber Inc. disclaims any obligations to update any forward-looking statements to reflect events or circumstances after the date hereof.

Australian Market Report of September 08, 2010: Coeur (NYSE:CDE) Signs a Contract with Aurubis (ETR:NDA)

newsroom@abnnewswire.net — Wed, 8 Sept 2010 13:30:37 GMT

Coeur d'Alene Mines Corporation (NYSE:CDE) (TSE:CDM) (ASX:CXC) today announced that Coeur Alaska, Inc., a wholly owned subsidiary, has entered into a contract with Aurubis AG (ETR:NDA) for the treatment and refining of gold concentrates produced at Coeur's new Kensington gold mine. "Combined with the recently announced agreement with China National Gold Group Corporation, the sale of Kensington's gold concentrates are now secured by contracts with two first-class smelting and refining companies. We look forward to working with Aurubis and are delighted to enter into this important commercial relationship," said Mitchell J. Krebs, Chief Financial Officer of Coeur.

Australia's Pacific Brands Limited (ASX:PBG) recovered to a full-year profit from a prior year loss as the clothing and shoe manufacturer said underlying revenue and earnings were likely to improve this year, Net profit was A$52.7 million for the 12 months ending June 30. PBG announced transformation initiatives of vast majority portfolio rationalisation, off-shore sourcing and cost reduction initiatives were completed, gross margins expected to improve in F11 due to portfolio rationalisation and off-shore sourcing and sales stabilisation underlying sales performance fuelling sustainable growth.

Alexium International Group Limited (ASX:AJX) today announced that the Patents Registry for the Hong Kong Special Administrative Region, China has approved its application and issued Patent No. 07110131.2 for the company's "method of attachment of silicon-containing compounds to a surface". The announcement follows the successful UK patent grant earlier this year, "Asia's continued economic growth, its increasing dominance in manufacturing and its appetite for cleaner, sustainable, advanced technologies presents excellent opportunities for Alexium." commented Steve Ribich, CEO of Alexium.

Perth-based, gold focused resources company Convergent Minerals Limited (ASX:CVG), is to acquire Windarling Peak Project, a new iron ore project by farm-in from Iron Road Ltd (ASX:IRD). Windarling Peak is a potential replication of the Windarling iron ore mine, approximately 85 kilometers north of Koolyanobbing. Exploration is likely to commence in the next month focused on locating near surface high grade haematite similar to that mined nearby. Access and infrastructure in the region is well established.

Asia Business News
Tel: +61-2-9247-4344
Fax: +61-2-9225-9034
http://www.abnnewswire.net

Nufarm (ASX:NUF): Sumitomo Chemical (TYO:4005) Offer Unconditional

newsroom@abnnewswire.net — Mon, 12 Apr 2010 11:40:25 GMT

Australian agricultural chemicals firm Nufarm Ltd (ASX:NUF) says it has been notified by Japan's Sumitomo Chemical Company Ltd (TYO:4005) that its offer for 20 per cent of Nufarm is now unconditional. The tender offer for Nufarm shares from Sumitomo Chemical has received acceptances totalling 81.45 per cent of all Nufarm share.

Nufarm last year rejected the A$2.62 billion takeover offer from China's Sinochem Corp. and instead agreed for Japan's Sumitomo Chemical to buy a 20 per cent stake through a tender offer to existing shareholders.

Sumitomo had offered to acquire up to 20 per cent of the total issued shares in Nufarm at A$14 per share. A large number of eligible Nufarm shareholders accepted the offer in respect of more than 20 per cent of their Nufarm shares. Of the total acceptances, 61.45 per cent will be scaled back.

The scale back was necessary to ensure that Sumitomo does not acquire more than 20pc in aggregate of the issued shares in Nufarm in accordance with the terms of the offer.

Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net

Asian Markets Overview of January 12

newsroom@abnnewswire.net — Tue, 12 Jan 2010 13:30:59 GMT

Wall Street rose overnight as investors were expecting improvements in fourth-quarter earnings results. US industrial shares lifted the Dow and the S&P 500 to new 15-month highs after the upbeat Chinese economic data. The US dollar dropped 0.5 percent against a basket of currencies.

Asian markets ended higher on Monday as a strong rebound in China's exports raised investor optimism about Asia's economies. The MSCI index of Asia Pacific stocks traded outside Japan hit its highest level since July 2008, gaining 1.2 percent.

Company News

South Korea's POSCO (SEO:005490) forecasts global steel demand would increase by about 10 percent and expects iron ore and coking coal prices to recover this year. Analysts expect POSCO to raise its steel product prices in the second quarter as it has yet to negotiate raw material purchase deals for the fiscal year starting in April. POSCO will spend 10 trillion won this year on expanding its facilities and on acquisitions, the Korea Economic Daily reported.

Goldsun Development & Construction Co. (TPE:2504), Taiwan's largest producer of ready-mix concrete by capacity, said Monday its China unit, Goldsun Cement (Hunan) Co., will pay CNY675 million to China's Sinoma International Engineering Co. (SHA:600970) to build a cement plant for the Taiwanese firm. The first cement production line will be operational by July 2011.

The market is expecting Canon (TYO:7751) to increase offer for Oce NV (AMS:OCE) after Hermes Focus Asset Management said on Monday it would not tender its shares in Dutch photocopier and printing systems maker to Canon. The Japanese camera and office equipment maker's 730 million euro offer is already opposed by 10 percent shareholder Orbis Portfolio Management. Canon in November offered 8.60 euros per share for Oce, a 70 percent premium to the share price before the bid.

Japan's Fast Retailing Co. (TYO:9983) reported a 57% increase in its fiscal first-quarter net profit and raised its profit and sales projections for the full year amid strong sales of fall-season clothing, new store openings and growing overseas sales. Fast Retailing has upgraded its earnings outlook. It expects net profit for its full year ending August at around 67.5 billion yen, up from an original estimate of 62 billion yen.

Singapore listed rubber plantation firm GMG Global (SIN:590) shares soared as much as 11.5 percent to 14.5 Singapore cents after a media report about the company's improving business prospects. GMG is 51 percent owned by Sinochem International Corp (SHA:600500), and may triple its output to about 250,000 metric tonnes to provide for China's national rubber consumption, the newspaper said.

Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net

LANXESS AG (ETR:LXS) Earnings Rebound In Q2 2009

newsroom@abnnewswire.net — Thu, 13 Aug 2009 16:30:09 GMT

LANXESS AG (ETR:LXS)(PINK:LNXSF) significantly increased earnings in the second quarter in comparison to the weak first quarter of 2009 despite the ongoing difficult economic conditions worldwide. The specialty chemicals company posted EBITDA pre exceptionals of EUR 112 million, in line with its published guidance of EUR 100-120 million. The operating earnings figure was down 50 percent year-on-year but rose 70 percent from the first quarter of 2009 due to substantial volume increases, notably in Asia, as well as savings yielded by the "Challenge09" package of measures. Another positive key metric for the second quarter was the EBITDA margin pre exceptionals at 9 percent, up from 6.3 percent in the first quarter of 2009.

Sales in the second quarter fell by 30 percent year-on-year to EUR 1.24 billion but rose 17 percent quarter-on-quarter due to a strong rebound in volumes, especially in Performance Polymers. Net income was positive at EUR 17 million after being negative for two consecutive quarters. LANXESS proved again in the second quarter that it is in a strong financial position by nearly doubling its operating cash flow to EUR 157 million from a year earlier and reducing net debt by 17 percent to EUR 719 million from the end of 2008. The improvement in operating cash flow was supported by a strict focus on working capital management.

"LANXESS has achieved a solid result in the second quarter in view of the challenging environment for the chemical industry," said Axel C. Heitmann, Chairman of the Board of Management of LANXESS AG. "Our earnings have benefited not only from a pick-up in demand but also from our decision to quickly implement a package of self-help measures to counter the crisis."

Performance in Asia-Pacific Region

Sales in the Asia-Pacific region rose 74 percent to EUR 304 million in the second quarter in comparison to a very weak first quarter, with strong contributions coming from China, South Korea and India. The sharp increase in sales in the second quarter implies the region's share of Group sales has now risen to 25 percent.

Sales in all regions in the second quarter fell year-on-year by double-digit percentage amounts except for Asia-Pacific, which fell only by a single-digit percentage amount year-on-year.

Performance in Greater China

LANXESS Greater China sales increased by 7.8 percent to EUR 167.5 million for the second quarter of 2009 compared to the same period of 2008. Adjusted for exchange-rate effects and divested or newly integrated businesses, it receded slightly by 3.6 percent. In comparison to the weak first quarter of 2009, sales almost doubled from EUR 84.8 million.

"While the global economic recession continues to dampen demand for LANXESS products, we did see some improvement in the second quarter compared with the beginning of the year," said Martin Kraemer, CEO of LANXESS Greater China. "Growth in Greater China was mainly driven by the rubber business units and the Semi-Crystalline products business unit, aided by a recovery in the automotive industry and construction industries. Additional driving forces, one was the Ion Exchange Resins products business unit, which offers effective and innovative solutions for power plants, another the Material Protection Products business unit, which successfully launched the stabilizer Velcorin(R) to the Beverage Industry in China."

"We expect that the government stimulus package and domestic demand should keep China's automotive industry growing through 2009 and 2010. To meet the needs of auto makers in China, the migration of global components makers to the country will continue, even through the economic slowdown. As we are one of the upstream suppliers, our sale performance will benefit from this trend."

"Challenge09" and "Challenge12"

In order to support future earnings and safeguard the company's financial position, the LANXESS management has agreed with employee representatives and the IG BCE (the German Mining, Chemical and Energy Industry Union) to extend the "Challenge09" package of cost saving measures agreed upon at the start of this year and to introduce an additional package called "Challenge12".

"Challenge09" mainly comprises a combination of technical process improvements and remuneration decreases for all employees at all managerial levels. In this way, the specialty chemicals company aimed to cut costs worldwide by about EUR 250 million in 2009 and in 2010.

LANXESS now aims to save worldwide EUR 360 million in total between 2009 and 2012 with "Challenge09-12". The additional EUR 110 million in savings will be generated through flexible asset management as well as employees foregoing remuneration. These measures will not result in any additional expenses in the P&L.

"Challenge12 gives us the necessary flexibility to counter the effects of the crisis also in the next 24 months. This means we are well equipped for the time when the upturn materialises," said Heitmann.

Outlook

Underlying economic demand appears to have now bottomed out also in Latin America, North America and Europe. Asia is maintaining good momentum and other regions will start to recover, albeit at a slower pace. Destocking among customers is now completed but a trend towards restocking is not yet visible.

Overall, the business environment remains tough and the potential for setbacks still exists which could hinder an economic recovery. Therefore, LANXESS will wait until the publication of the third quarter results on November 12 to give a detailed earnings outlook for the full year 2009. The previous guidance of sales and earnings being below last year's level remains valid.

LANXESS, however, is targeting for the third quarter of 2009 an EBITDA pre exceptionals around the level of the second quarter of 2009. This is an ambitious target given the fact that the company's key operating earnings number for the third quarter has been in the past always weaker - on average 15 percent - than the second quarter result. In addition, the third quarter includes the traditional summer lull.

"The combination of a pick-up in demand and our enlarged package of cost savings measures will ensure that LANXESS will emerge strengthened from the crisis," said Heitmann.

Q2 2009 Key Data
(EUR million, changes in percent)
-----------------------------------------------------
                Q2 2009 Q1 2009 Change Q2 2008 Change
                        vs. Q1         vs. Q2 
-----------------------------------------------------
Sales             1,238   1,054 +17.5  1,765   -29.9
-----------------------------------------------------
EBITDA 
pre exceptionals    112     66  +69.7  223     -49.8
-----------------------------------------------------
EBITDA margin 
pre exceptionals(%) 9.0     6.3        12.6    
-----------------------------------------------------
Net income           17     -14        55      -69.1
-----------------------------------------------------
Operating 
cash flow           157     122 +28.7  82      +91.5
-----------------------------------------------------

Korie Jiang
Corporate Communications
Tel: +86-21-6109-6704
Korie.Jiang@lanxess.com

Asian Markets Overview of March 30

newsroom@abnnewswire.net — Mon, 30 Mar 2009 15:00:25 GMT

Most Asian markets started the trading session with volatility on Monday after US stocks retreated on Friday. Tokyo and Seoul shares opened flat, and soon proceeded to a negative territory. Today Investors are also awaiting US government to unveil its plan to help the auto industry.

Asia Economy Watch

Japan's Ministry of Economy, Trade and Industry said the country's industrial output fell 9.4 percent in February from the previous month. Leading the fall in February output were a 23.2% on-month drop in automobiles, 15.2% fall in general equipment, and a 10.4% fall in electronics parts and devices, largely due to poor global demand.

China's exports are likely to fall 10% in 2009, while the imports are likely to fall 5%, a government economist said Saturday. China's trade surplus is likely to fall to $US200 billion this year.

Company News

Tsingtao Brewery (HKG:0168)(SHA:600600) of China plans to invest 2 billion baht in a brewery in Thailand to take advantage of low raw material taxes under the free trade agreement between Thailand and Australia, says a Thailand media. Tsingtao would enter a joint venture with a few Thai partners, and hold a 40% stake in establishing a brewery with initial capacity of 100,000 tonnes a year.

China Petroleum & Chemical Corp (Sinopec) (HKG:0386)(SHA:600028)(NYSE:SNP) forecasts its first-quarter net profit to surge more than 50 per cent as it unveiled a less than expected 47.3 per cent net profit decline for last year.

Japan's Mitsui & Co. (TYO:8031) has acquired a 85% stake in ViVa TV, a Taiwanese television shopping channel operator, said sources. The value of the deal is estimated to be NT$2 billion.

China Nonferrous Metal Industry's Foreign Engineering & Construction Co. (SHE:000758) said Monday it will buy buying a stake in Australian zinc and lead miner Terramin Australia Ltd. (ASX:TZN) with A$10.08 million in a private placement. The company will become Terramin's biggest shareholder after the deal.

China Unicom (Hong Kong) Ltd. (NYSE:CHU)(HKG:0762) is expected to deliver a more than 60 per cent jump in net profit for 2008, partly due to a one-time gain from the sale of CDMA mobile assets and a contribution from fixed-line operator China Netcom Group Corp, which it acquired last year.

Sanyo Electric Co. (TYO:6764) plans to book 45 billion yen in restructuring charges for its chipmaking operations in the year ending March 31. Sanyo downgraded its fiscal 2008 forecast last week to a group net loss of 90 billion yen.

South Korea's KT Corp.(SEO:030200)(NYSE:KTC) said its shareholders approved its merger with the company's mobile-phone services unit, KT Freetel Co (SEO:032390), which has 32% of the local wireless market.

Nanosonics Limited (ASX:NAN) is pleased to announce that it has commenced production and commercial sale of its breakthrough Trophon(TM) EPR ultrasound probe disinfector system, through distribution partners in New Zealand and Australia. Nanosonics is in advanced negotiations with leading distribution partners in the significant markets of North America and Japan.

Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net

Nanosonics Limited (ASX:NAN) Commences Production And Commercial First Sales of Trophon EPR

newsroom@abnnewswire.net — Mon, 30 Mar 2009 13:10:45 GMT

Nanosonics Limited (ASX:NAN) is pleased to announce that it has commenced production and commercial sale of its breakthrough Trophon(TM) EPR ultrasound probe disinfector system, through distribution partners in New Zealand and Australia.

Shipments, comprising Trophon EPR systems and NanoNebulant(TM) consumables, have been allocated to fulfil purchase orders already placed on the distribution partners by their customers, clinical end-users of the products.

The Company has undertaken a full sales launch to ultrasound professionals, including trade advertising and sales presentations to key opinion leaders and clinics throughout Australasia. Sales demand is being driven by the unique value proposition provided by the Trophon EPR system in the medical ultrasound market. A contributing factor to this demand is the greater awareness and vigilance of mandated legislation, regulatory requirements and the significant OH&S issues facing hospital and clinic staff.

The Trophon EPR is now being included in tenders submitted by the Original Equipment Manufacturers (OEMs). Further, the Company has been advised that the Trophon EPR has been incorporated as a condition in several new Government tenders, both in Australia and internationally.

Nanosonics has commenced a broad range of pre-launch activities in Europe, with first shipments expected in the next quarter of 2009. The Company has established a strong dealer network throughout Europe, each of whom has committed to commercial purchases of the Trophon EPR system to support the European launch.

It is expected that the Trophon EPR system will be launched in the near term into certain key markets in Asia, where the regulatory requirements for sale have already been met.

Sales demand in this region is being influenced by the recent Guidelines issued by the US Centre for Disease Control (CDC), where the Trophon EPR system fully meets the requirements for routine high level disinfection of ultrasound probes between patients.

Nanosonics is in advanced negotiations with leading distribution partners in the significant markets of North America and Japan.

The Trophon EPR system was submitted for an Australian international design award in February 2009 and has already been recognised as a finalist for this prestigious award.

The award is recognised by the Australian Government and the International Council of Societies of Industrial Design, Australia's peak design assessment.

New Product Pipeline
Nanosonics now has substantial technical resources available to pursue additional commercial products based upon its novel NanoNebulant platform. Prototyping is now well advanced for several new devices which address substantial global market needs.

The Company is in commercial discussions with both equipment manufacturers and other potential strategic partners, with a view to bringing devices to market where the Company's technology can deliver automated, safe, effective and environmentally sound solutions to the growing range of markets in healthcare and beyond.

David Radford
Chief Executive

Or

Chris Grundy
Chief Financial Officer
Tel: +61-2-8063 1600

EcoGreen Fine Chemicals Group (HKG:2341) A Leading Fine Chemical Company in China with Solid Growth and Impressive Performance

newsroom@abnnewswire.net — Fri, 13 Mar 2009 13:53:15 GMT

EcoGreen Fine Chemicals Group (HKG:2341) is a market leader in Fine Chemical R&D and manufacturer in China with an impressive financial portfolio. During the financial turmoil of 2008, the company reported its 1H results in last year, a 20% increase in turnover, a 17% increase in gross profit, a 30% increase in EPS on a YoY basis with a current ratio of just 2.5 times. At the time of writing this article the PE ratio stands at only 2.92, it is definitely a "Must Buy" for most savvy investors. It is expected that, the company will continue its growth trend for many years to come.

EcoGreen specialises in providing basic chemicals and natural extract compounds for the Personal Care industry, Food and Beverage Industry and also the pharmaceutical industry. EcoGreen has a balanced client base of over 160 clients across the globe, including top 5 global Flavor and Fragrance producers and household brand names such as IFF, Givaudan, Firmenich, Symrise, Nestle and P&G.

Since its IPO on the main board of Hong Kong Stock Exchange in early 2004, EcoGreen has delivered a solid growth of business at about 30% CAGR over 4 years. Particularly,

- In Year 2007, it had a RMB 612 mil Turnover and RMB 130 mil Net Profit, with Total Gross Margin at 34.2%, and a Net Cash of RMB 151 mil (Total Cash RMB 307 mil);

- In 1H 2008, it achieved RMB 346 mil Turnover and RMB 80 mil Net Profit, at 34% Total Gross Margin, with a Net Cash of RMB 96 mil (Total Cash RMB 464 mil).

Among the 3 major product categories in EcoGreen, Aroma Chemicals contributes over 60% to the Company's total revenue, while Natural Extracts and Intermediates are providing a big potential and a nice profitability. EcoGreen is in the world one of the top 3 producers of DHMOL (a key Aroma Chemical used in Fragrance industry), with a global market share of over 25% roughly. Apart from its strong botanic-originated Fragrance chemical production from HaiCang Plant, EcoGreen is also manufacturing some high-ended flavor chemicals and natural food additives recently on the extension of state-of-the-art facilities on both HaiCang and Xinling sites in Xiamen.

Given a low sensitivity of its business to the economic cycle, EcoGreen would cautiously position itself to take the best opportunity of growth, provided from its international peers' continuous consolidation of upstream production, in an economic downturn.

In general, to meet with the long term demand for its products from both domestic and international markets, EcoGreen is now working on a decisive development plan besides its capacity expansion scheme, in:

- Development and launch of new value-added products with a higher margin, to generate new profit and grow total market share;

- Improvement of efficiency through optimization of production process and technological innovation, to maintain an overall cost effectiveness;

- Consolidation of supply chain of basic aroma chemicals through a strategic resource management. In fact, a vertical integration to the upstream suppliers is recently given a priority, for a stable and cost-effective supply of strategic raw materials.

EcoGreen focuses on production quality, technological innovation and supply chain management. They have a Research and Development team consists of over 50 research professionals including PhDs degree holders and senior professors, among their 300 total staffs members.

In term of R&D for new products development, EcoGreen is planning to roll out 40 more new products in 2009 and 65 more new products in 2010.

INVESTOR RELATIONS CONTACT
David Han (Executive Director)
Tel: +852-2530-0609
Email: davidhan@ecogreen.com
Website: http://www.ecogreen.com

Evonik Industries AG to Produce Catalysts in China in 2009

newsroom@abnnewswire.net — Thu, 18 Dec 2008 16:52:12 GMT

Evonik Industries AG, based in Essen (Germany), has commenced building a catalyst manufacturing plant, producing precious metal powder catalysts, in Shanghai (China). The plant will start operation in the fourth quarter of 2009. Precious metal powder catalysts are used in the synthesis of pharmaceuticals, fine chemicals and industrial chemicals, where performance criteria such as high selectivity, activity and filterability are demanded. Some examples of the variety of applications of these catalysts include the highly selective synthesis of pharmaceutical active ingredients, and the production of precursors for polyurethanes which are further processed into such applications as foams for car seats and furniture.

Evonik is the worldwide leader in precious metal powder catalysts and currently has manufacturing facilities at four locations: Hanau (Germany); Tsukuba (Japan); Americana (Brazil); and Calvert City (Kentucky, USA). With the new plant in Shanghai, Evonik is further enhancing its global activities. The pharmaceutical and fine chemicals industries are currently growing at annual rates of more than 15 percent in China - a key advantage of the Shanghai site is its proximity to the Jiangsu and Zhejiang provinces, where a number of pharmaceutical and fine chemical companies are located.

"We will be able to supply customers directly in China with our high-quality precious metal catalysts from the new plant," said Dr. Hans-Josef Ritzert, head of the Catalysts Business Line of Evonik Industries. "This will allow us to serve our global customers and grow with them in China, and further expand our worldwide leading position."

In addition, an important aspect of the use of precious metal powder catalysts is precious metal recycling, which Evonik will also offer in China through its existing partnership with Heraeus (www.heraeus.com). This will provide a complete precious metal service enabling customers to optimize their supply chain efficiencies.

Overall, Evonik employs 4200 people in China, and generated sales of EUR754 million in the region (China, Hong Kong, Taiwan and Macau) in fiscal year 2007, a 28 per cent increase over the previous year. In Shanghai, Evonik already employs more than 500 people in production, research and development, sales, marketing and service functions - with the addition of the new catalyst plant Evonik is continuing to expand its activities in China.

Evonik is a leading supplier of catalytic system solutions. It offers an extensive range of heterogeneous and certain homogeneous catalysts from a single source, as well as integrated services for customers from the life sciences, fine chemicals, industrial chemicals, chemical intermediates, and polymers industries.

Dr. Karin Assmann
TEL: +49 69 218-2230 
FAX: +49 69 218 3849